Zomato Ltd Reports Outstanding Q1 Results with Strong Growth in PBT and PAT.

Zomato Ltd, a leading IT software company, has recently announced its financial results for the quarter ending June 2024. The company has shown outstanding performance with a score of 34, which is an improvement from the previous quarter's score of 32.

One of the key factors contributing to this success is the significant growth in Profit Before Tax (PBT) and Profit After Tax (PAT). PBT has grown by 102.2% to Rs 3.00 crore, while PAT has seen a growth of 188.3% to Rs 253.00 crore, compared to the average of the previous four quarters. This positive trend in PBT and PAT is expected to continue in the near term.

Zomato Ltd has also shown a strong growth in Net Sales, with the highest quarterly sales of Rs 4,206.00 crore and a growth rate of 38.9% compared to the average of the previous four quarters. The company's Operating Profit (PBDIT) has also seen a steady growth in the last five quarters, with the highest quarterly figure of Rs 177.00 crore. This has resulted in an improvement in the Operating Profit Margin, which is now at 4.21%.

The company's efficiency has also improved, as seen in the Inventory Turnover Ratio, which is at its highest in the last five half yearly periods. This indicates that Zomato Ltd has been able to sell its inventory at a faster rate.

However, there are some areas that need improvement. The Non Operating Income for the quarter is 98.74% of the PBT, which shows that the company's income from non-business activities is high. This may not be a sustainable business model in the long run. Additionally, the company's Cash and Cash Equivalents have decreased in the last six half yearly periods, which may affect its short term liquidity.

Overall, Zomato Ltd has shown a strong financial performance in the quarter ending June 2024. With a 'Hold' call from MarketsMOJO, the company is expected to continue its positive trend in the near future.